17 Feb 2015
ZEW German sentiment index increases for fourth consecutive month
FXStreet (London) - Gaining 4.6 points compared to the previous month, the ZEW Indicator of Economic Sentiment for Germany stands at 53.0 points in February 2015 (long-term average: 24.6 points). Reaching its highest value since February of 2014, the indicator has increased for the fourth consecutive time.
"Quantitative easing by the European Central Bank and unexpectedly high economic growth in the fourth quarter of 2014 have improved sentiment among financial market experts. On the other hand, the intensification of the Ukraine crisis and the collision course of the new Greek government are dampening expectations," says ZEW President Professor Clemens Fuest.
The assessment of the current situation in Germany has improved notably. Increasing by 23.1 points, the index now stands at 45.5 points.
The financial market experts' sentiment concerning the economic development of the Eurozone is improving as well. ZEW's Indicator of Economic Sentiment for the Eurozone has increased by 7.5 points to a reading of 52.7 points. Gaining 8.7 points in February 2015, the indicator for the current situation in the euro area has reached a value of minus 48.4 points.
"Quantitative easing by the European Central Bank and unexpectedly high economic growth in the fourth quarter of 2014 have improved sentiment among financial market experts. On the other hand, the intensification of the Ukraine crisis and the collision course of the new Greek government are dampening expectations," says ZEW President Professor Clemens Fuest.
The assessment of the current situation in Germany has improved notably. Increasing by 23.1 points, the index now stands at 45.5 points.
The financial market experts' sentiment concerning the economic development of the Eurozone is improving as well. ZEW's Indicator of Economic Sentiment for the Eurozone has increased by 7.5 points to a reading of 52.7 points. Gaining 8.7 points in February 2015, the indicator for the current situation in the euro area has reached a value of minus 48.4 points.